“Never let a serious crisis go to waste. What I mean by that is it’s an opportunity to do things you couldn’t do before.” White House Chief of Staff Rahm Emanuel.
Translation: We’re going to ram $1 trillion of new spending down America’s throat under the guise of a “stimulus” bill that benefits a laundry list of Democratic special interests while we have the opportunity and before America knows they’re buying. It’s time to pay the piper.
Reality: The only “stimulus” this will provide is strengthening the possibility of permanent Democratic party power, burdening future generations with debt, inflation, and stagnation. Such a huge shift of our national GDP from the private sector to the government will crowd out people’s and business’s ability to borrow, thus slowing recovery. Every special interest in the world will descend upon Washington for a piece of the pie. The federal government will be the ultimate distributor of scarce resources. Politicians will decide who wins and loses based on who can help keep them in power. It’s going to be a disaster.
Even more frustrating is that the Republicans’ beef with the socialism bill seems to be that they were not included in its construction and therefore not able to write in goodies for their special interest supporters. It’s the “you didn’t play fair” defense instead of in defense of market-oriented principles. If it's defeated, I guess I should just be satisfied that with the endgame rather than the tactics.
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